Member Info for tidd83

He was being sarcastic bigbench.

It is clear Oiler hasn’t got a clue what is going on or the terms of the FOA - he is just here to spout rubbish.

Beers on order Phoebus.

May have to get a few of those Phoebus.

Looks like funds are moving as we expected and all good on the permit news.

Evening MrT, don’t mind the sunshine but the heat is a little intense for me personally how about yourself?
We shall see what occurs in terms of timelines, that being said we are only 5 weeks away from September anyway even if my assumption was wrong. Not long to wait at all, at these levels I’d expect to start seeing some people posturing at these levels.
I think we can all agree there is next to nothing priced in.

And additionally

https://m.youtube.com/watch?v=GWmhE67amlk

It’s worth reviewing some of the latest interviews.

https://m.youtube.com/watch?v=bgThyc6Y6QU

MrT given the musings and words we have heard to date I personally think news of a funding partner and structure has a similar likelihood of being announced tomorrow as it could be next week or month.

At current levels and at such a low valuation it would be transformational and I’d expect the gap up on open to be immense. Despondency and impatience are generally at the detriment to most PIs. As I stated earlier, I will continue to add at these levels.

It appears common sense has gone out the window and the majority of sellers are generally weak hands panicking.

I have taken the opportunity to add to my holding here today, given the nature of achievements to date a £7m MCAP is laughable.

Lest we forget that multiple offers of financing are on the table and as has been communicated on numerous occasions the rebate of spends to date (circa £15-20m) is expected as part of any negotiated deal.

Regardless I expect the shares to be trading at a multiple on the announcement of such news, the rest around protestors is just noise and - I will continue to add around 0.5 levels and under.

Manyana, Just to be clear - APEC are awaiting $1m from their own funders JIC so it is nothing to do with APEC

Secondly, PVR are clearly happy with progress to date as are major IIs as they will be reassured to what process is underway and nobody has yet to sell down their position.

PVR are updating the market as needed - the backstop is being extended as per continual updates and clarification from the legal parties, banks and finders ergo all appears to be moving forward albeit at a slower and more cautious pace however, these are the loop holes Chinese and overseas policies and checks enforce on such transfers.

RBT I thought you had already moved on?

Update 23 July, 2019 - Publication of Environment Impact Assessment (EIA) Determination

EIA Screening Determination

On 23rd July, 2019 an Environmental Impact Assessment (EIA) Screening determination was made under the European Union (Environmental Impact Assessment) (Petroleum Exploration) Regulations 2013 (S.I. No 134/2013), as amended by the European Union (Environmental Impact Assessment) (Petroleum Exploration) (Amendment) Regulations 2019, that the site survey proposed by Exola DAC within the Barryroe licence area (SEL 1/11) is not likely to have significant effects on the environment and, consequently, an Environmental Impact Assessment is not required, subject to the implementation of the mitigation measures included in the EIA Screening Determination and their inclusion as conditions in any permission that may be granted by the Minister in respect of the application.

The EIA Screening Determination and associated documentation are attached.

Update 23 July, 2019 - Publication of Environment Impact Assessment (EIA) Determination

EIA Screening Determination

On 23rd July, 2019 an Environmental Impact Assessment (EIA) Screening determination was made under the European Union (Environmental Impact Assessment) (Petroleum Exploration) Regulations 2013 (S.I. No 134/2013), as amended by the European Union (Environmental Impact Assessment) (Petroleum Exploration) (Amendment) Regulations 2019, that the site survey proposed by Exola DAC within the Barryroe licence area (SEL 1/11) is not likely to have significant effects on the environment and, consequently, an Environmental Impact Assessment is not required, subject to the implementation of the mitigation measures included in the EIA Screening Determination and their inclusion as conditions in any permission that may be granted by the Minister in respect of the application.

The EIA Screening Determination and associated documentation are attached.

Let loose hands out but yes, it is difficult to acquire in any size due to lack of free float.

Think permit is a foregone conclusion now just pending the signature of the minister which should be expected very shortly.

Funding also around the corner, Barryroe is about to be exploited via a huge campaign. LOGP has low daily overheads and fully carried for the campaign, also recently funded by major holders by way of loan.

gkb, perhaps best you read the RNS - given $8m is secured a senior loan note from BP and Rockhopper have provisionally agreed to take UPTO $5m on equity with a 12 month lock in this is outstanding terms.

Any remaining balance will be paid with cash and also from the funds of the recent crown divestment.

Ranger a discovery already has been made.....

Secondly, their won’t be a requirement to stump up cash on development to PVR since EXOLA will no longer be operator at such stage.

Given COSL are providing the equipment on the venture and JIC are instrumental in funding their will be little in the way of costs for PVR since the terms of the farmout stipulate that they are carried for the entire program.

PVR rising again

https://www.youtube.com/embed/ydp4sRE564A

Excellent, as assumed additional checks have slowed down the release of funds.

Moneys in transfer.

https://www.proactiveinvestors.co.uk/companies/news/223752/providence-resources-within-touching-distance-of-start-at-barryroe-223752.html

Remittance note was passed for HSBC, as I’ve posted many times before.

This is not some two bit operation, the farminees are state owned and thus backed by the Chinese government.